ALBAWABA - The shaky 60-day ceasefire, which realistically only lasted for just a little more than a week since its signing on 17 June, 2026, has expired on paper, though the war between the U.S. and Iran has long been reignited.
A senior White House official said that current U.S. talks with Iran are ‘static’ while Iran on its part said it has “not made a decision to restart negotiations with the United States,” according to Iran’s foreign minister Abbas Araghchi in a Telegram post.
The war has brought severe economic strain and pressure on both countries, and indeed countries in the region and across the world with nothing to show for it.
U.S. experts are warning that the depletion of oil reserves could damage the caverns that store oil, adding that the reserve fell below 300 million barrels for the first time since it was filled in the early 1980s.
Alongside oil reserves, the U.S. is facing the depletion of its missile stockpiles, having used virtually all long-range precision missiles, specifically Army Tactical Missile Systems (ATACMS) and Precision Strike Missiles (PrSM);
Defensive missile stockpiles have also been hit hard by the war, with the U.S. using up nearly 80 percent of THAAD interceptors and about 65 percent of Patriot missile interceptors, leading to the U.S. temporarily halting their delivery to Ukraine which heavily relies on them for its own defense.
After all this spending with no result, analysts wonder whether this conflict will effectively end or will it endure as a forever war.
